Minimizing one's maximum losses is identical to maximizing one's minimum gains
Indicate whether the statement is true or false
TRUE
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A 3-for-1 stock split will reduce the per share par value and will:
A. increase owners' equity. B. increase the total par value of the common stock. C. decrease earnings per share. D. decrease the number of shares proportionately.
A company has goods available for sale of $250,000 at retail and $175,000 at cost. It also had sales of $210,000 for the period. What is the estimated cost of ending inventory, using the retail method?
a. $38,000 b. $28,000 c. $40,000 d. $63,000
Miguez Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 2.3liters$7.00per liter$16.10 Direct labor 0.7hours$22.00per hour$15.40 Variable overhead 0.7hours$2.00per hour$1.40 The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed
when the materials are purchased.The variable overhead efficiency variance for September is: A. $140 U B. $140 F C. $133 U D. $133 F
_____ firms transform raw materials, purchased parts, and components into finished products in their factories
a. Merchandising b. Manufacturing c. Consulting d. Staffing e. Health Care